Media release

HOLD-BACK PERIOD None

DOCUMENT

2 pages

ENCLOSURES

none

Valencia, 14thDecember 2020

Stadler will manufacture locomotives for Uruguay

Marking its first order in Uruguay, Stadler has signed a contract with PORTREN SA to supply seven locomotives for the freight railway it will operate for the Finnish bio-tech business, UPM, in their new factory.

PORTREN SA, a company owned by the Uruguayan logistics group Christophersen and the Spanish company, Cointer Concesiones has commissioned Stadler to supply and deliver seven EURO4001 diesel- electric locomotives. It is Stadler's first contract in Uruguay. Deliveries are expected to start by the end of 2022. The locomotives will be designed and manufactured at its plant in Valencia, Spain.

This contract signing follows the announcement in mid-October that UPM had selected the consortium comprising Cointer Concesiones (a subsidiary of local logistics group, AZVI) and Christophersen, along with Deutsche Bahn International Operations, to operate and maintain freight trains between the new pulp mill at Paso de los Toros and the port of Montevideo.

The new vehicles will make the trips from the new factory to the port, a route comprising 273 kilometres of track, known as Ferrocarril Central. Each convoy, which will be about 475 metres long, will be made up of one locomotive and 26 wagons carrying wood pulp. On the way back, vehicles will transport the chemicals and fuel required to produce cellulose.

Iñigo Parra, CEO of Stadler Valencia, commented: "Thanks to this cutting-edge technology, locomotive rail operators will be able to secure sustainable and profitable rail freight services. Drivers will enjoy a comfortable working environment and lineside neighbours will appreciate the reduced noise and emission levels. We are convinced that our vehicles will contribute to promoting rail transport in Uruguay, as we are already seeing in other South American countries."

More information on EURO4001 locomotives

Specially adapted for freight service, EURO4001 locomotives boast high levels of performance and reliability. Co'Co' locomotives are state-of-the-art and enable goods to be transport efficiently and sustainably. Fitted with a powerful 2800 kW and low emissions diesel engines, they meets EU emissions standard, EC 26/2004 Stage V. The latest bogie technology and efficient asynchronous traction motors help reduce wear and tear on the infrastructure, as well as cut noise pollution. To enhance driver comfort, they feature two acoustic and heat- insulated driver's cabs, which have been designed in accordance with the latest ergonomic and safety standards.

Page 1 | 2

About Stadler

Stadler has been building trains for over 75 years. The provider of rail vehicle construction solutions has its headquarters in Bussnang in eastern Switzerland. It has a workforce of around 12,000 based in various production and engineering locations as well as more than 40 service locations. The company is conscious of its social responsibility for sustainable mobility and therefore stands for innovative, sustainable and durable quality products. The product range in the field of mainline railways and city transport includes high-speed trains, intercity trains, regional and suburban trains, metros, tramways and trams. Stadler also manufactures main-line locomotives, shunting locomotives and passenger carriages. It is the world's leading manufacturer in the rack-and-pinion rail vehicle industry.

Follow Stadler on LinkedIn,Xingand Facebook.

Media contacts:

Stadler Rail Group

Andreas Petrosino

Deputy Head of Communications & PR

Phone: +41 71 626 89 44

E-mail:andreas.petrosino@stadlerrail.com

Stadler Rail Valencia S.A.

Juan A. Delgado

Head of Business Development, Marketing & Communications

Phone: +34 96 1415257

E-Mail:juan.delgado@stadlerrail.com

www.stadlerrail.com

Page 2 | 2

Attachments

Disclaimer

Stadler Rail AG published this content on 14 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2020 17:06:01 UTC